Final answer:
College graduates who are job hunting are considered frictionally unemployed, a category that describes temporary unemployment during transitions within the job market.
Step-by-step explanation:
When college graduates begin to look for a job, they are counted as frictionally unemployed. Frictional unemployment occurs when individuals are temporarily out of work due to searching for new employment opportunities or transitioning between jobs. In this case, college graduates who have recently finished their studies but have not yet found a job fall under this category.
Many college students who graduate and begin to look for a job are counted in the category of frictionally unemployed. This term refers to individuals who are temporarily out of work while transitioning from one job to another, such as recent graduates entering the workforce, or those transitioning between careers. It's a natural part of the job market, reflecting short-term absences from the workforce as people search for positions that best fit their skills and preferences.